Medicare Supplement Plan L
Medicare Supplement Plan L is one of the standardized Medicare Supplements plans available in 47 states of the United States, except in Massachusetts, Minnesota, and Wisconsin. In other words, the Plan L that’s offered in one state provides the same coverage as the Plan L that’s offered in another state.
Medicare Supplement Plan L is nearly identical to Plan K. They both provide partial coverage, however, Plan L covers 75% of the expenses it covers. So, you have to pay 25% out-of-pocket. It typically has relatively low monthly premiums.
Medicare Supplement Plan L covers Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up. It also covers 75% of the following:
-
Part A deductible
-
Part A hospice care coinsurance or copayment
-
Part B coinsurance or copayment
-
Skilled nursing facility care coinsurance
-
First 3 pints of blood in a medical procedure
Medicare Supplement Plan L Doesn’t Cover:
-
Medicare Part B deductible
-
Medicare Part B excess charges
-
Emergency medical care during foreign travel
Medigap Plan L is a great option for beneficiaries who are not concerned with Medicare Part B excess charges. Excess charges are not allowed in every state and even when they are allowed, they are not common. However, if you are asked to pay excess charges while on Medigap Plan L, you will have to pay completely out-of-pocket.
Also, Plan L is the second of the two Medicare Supplement plans with an out-of-pocket limit. In other words, you meet a deductible ($3,470 in 2023), after which, the plan pays 100% of its covered services for the rest of the year.
Top 5 Medicare Mistakes to Avoid!
Medicare is complicated and making the wrong decision can be costly. We have put together a FREE resource guide covering the Top 5 Medicare mistakes and how to avoid them. Here is what you will learn in this educational resource:
-
Proven Steps to Achieve Medicare Success
-
How To Avoid Costly Mistakes & Lifetime Penalties
-
Discover What Insurance Companies Aren't Telling You
-
And More…
Don’t leave your health coverage in retirement to chance. Download this FREE resource today!"
Our personalized expert guidance is FREE of charge so that you can save time and money! And even better, when you take care of your Medicare plan enrollment with us, we make a donation to Operation Underground Railroad, which is pioneering the fight against Human Sex Trafficking.
The Your Local Medicare
Help Save the Children Fund
For every person we help enroll into a Medicare plan we donate to this fund.
